KKR on the prowl at SGX, says its S-E Asia head
BUYOUT giant KKR is looking at a couple of companies listed on the Singapore Exchange (SGX), said Ashish Shastry, the private equity firm's head of South-east Asia.
These could be mid-cap companies in the manufacturing or industrials sector, valued from a few hundreds of millions to S$1.5 billion, he said.
"There's value in stocks in Singapore, I think you can pay premiums to take some of these companies private," said Mr Shastry.
KKR, also known as Kohlberg Kravis Roberts, is flush with dry powder after raising a US$9.3 billion fund in June for private equity investments across the Asia-Pacific.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
FTSE 100 hits record high on big mining M&A, earnings push
Hermes Q1 sales jump 17% on strong China demand
AstraZeneca leaps after smashing Q1 forecasts
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
Sanofi Q1 profit slips on generic competition, forex effects